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In my understanding these are retained by the CPA/ERO and could be audited by the IRS. If your 8879s have been examined are you willing to share what you learned from that experience?
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I could be wrong, but unless the IRS notices a potential problem, I don't think they do that very often anymore. I think the IRS is putting forth much more effort towards auditing tax preparers for Due Diligence and have drastically reduced the 8879 audits.
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Thank you. I have saved 1000s of them. I need to review the requirements for disposal dates.
Some of my clients get very worried about signing exactly as the name is printed.
With a very few trusted clients, I ask one to sign for both. I doubt that is a problem.
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"...With a very few trusted clients, I ask one to sign for both"
MY solution for that is..... 'Isn't s/he in the car down in the parking lot? Out the front door/back in seconds with the second signature. <w> <nod>.
MY position on this is, if/when the e-file police show up - that's my signal to just go ahead and retire. But I'm relatively close to that decision anyway so it wouldn't be a problem. Well, it might be for my clients.
( Generic Comment )"
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Back in the early days of e-filing - I started e-filing in 1993 - I was audited.
The only thing I couldn't find was my original approval letter from the IRS saying I was allowed to e-file.
I passed.
I scan all signed 8879s and destroy the originals.
